Pengaruh Kepemilikan Manajerial Dan Kepemilikan Institusional Terhadap Nilai Perusahaan Industri Dasar dan Kimia Yang Terdaftar Di Bursa Efek Indonesia (BEI)

Authors

  • Ainun Arofah STIE Widya Gama Lumajang
  • Sochib Sochib STIE Widya Gama Lumajang
  • Wahyuning Murniati STIE Widya Gama Lumajang

Keywords:

firm value, managerial ownership and institutional ownership

Abstract

This study aims to explain the effect of managerial ownership and institutional ownership on corporate value. Proxy of company value is measured by Tobin's Q. The population in this study is basic and chemical industry companies listed in Indonesia Stock Exchange period 2015 - 2017. Sampling method using purposive sampling method with some specific criteria. The sample consists of 57 basic and chemical industry companies listed on the Indonesia Stock Exchange. The type of data used is secondary data. Data analysis using multiple regression analysis using SPSS software version 16. The results showed that managerial ownership and institutional ownership affect the value of the company. R-Square or coefficient of determination of 0.146 states that managerial ownership and institutional ownership variables affect 14.6% of firm value and the rest is 11.4% influenced by variables outside managerial ownership variables and institutional ownership variables.

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Published

2019-03-13

Issue

Section

Articles